SWFI First Read, December 17, 2015

December 17, 2015

Shin Kong Life Buys its First Direct London Office Property

Taiwan insurers are looking overseas for core real estate properties. Shin Kong Life, the third largest insurer in Taiwan, made its groundbreaking property investment in London. Shin Kong Life bought 40 Gracechurch Street, an office property, for £136 million from Cornerstone Real Estate Advisers, the real estate unit of MassMutual. In 2013, Cornerstone Real Estate Advisers acquired the office property £94 million on behalf of an institutional investor. Shin Kong Life follows in the footsteps of other Taiwan insurers investing in London such as Cathay Life and Fubon Insurance.

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